Considering that we are flying headlong into the Internet revolution and that more than 50 percent of the companies in our 1999 IT spending and technology survey are implementing e-commerce, the growth of research and development (R&D) spending in universities is slow. Increases in spending in FY97 (3.1 percent) and FY96 (1.4 percent) were low compared to a 6 percent increase in 1995, a 6.6 percent increase in 1994, and a 9.4 percent increase for 1993. Spending for 1990 through 1997 is shown in Figure 1. Spending is presented in U.S. dollars.
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